CoStar's People of Note (March 24-30)

This week's People of Note includes the following markets: Chicago, Houston, Los Angeles, New York City, Northern New Jersey, San Diego and Western Michigan. LOS ANGELES NGKF Expands Capital Markets Coverage in L.A. By Laurie Forbes Newmark Grubb Knight Frank added Michael F. Kane as executive managing director in its capital markets group in downtown Los Angeles. The investment sales and capital solutions broker will focus on the gr



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-March-24-30/147073?ref=/News/Article/CoStars-People-of-Note-March-24-30/147073&src=rss

Watch List Chart: Retail Property Owners Using Ch.11 To Protect Their Centers

Centre Properties placed three of its 26 retail properties in Chapter 11 protection. Bank of America, the mortgage holder on all three properties, filed foreclosure proceedings in January. In order to reach an agreement for Indianapolis-based Centre to pay off the debt on the properties, the developer has had ongoing negotiations with the bank, however, was unable to reach agreement because of the bank’s urgency to force repayment of the loans...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Watch-List-Chart-Retail-Property-Owners-Using-Ch11-To-Protect-Their-Centers/147022?ref=/News/Article/Watch-List-Chart-Retail-Property-Owners-Using-Ch11-To-Protect-Their-Centers/147022&src=rss

The CoStar Watch List Newsletter for March 28-April 3

This Week’s Top Stories Distressed CRE: It’s a Seller’s Market The market is good for bad properties right now; maybe too good. “If you can find a good distressed deal at a ‘distressed’ price, buy it. Good distressed assets are selling at market value (or above market value, depending on your opinion) at this point in the market recovery.” Read the Full Story... Macy’s Rethinks Distinction between Clicks and Bricks Could e-commerce actually...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-March-28-April-3/147037?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-March-28-April-3/147037&src=rss

CBRE Arranges $50M Cash Shopping Center Sale

CALABASAS, CA—Courtyard at the Commons includes 6.76 acres of retail adjacent to a full-scale mall.

via Los Angeles http://www.globest.com/news/12_572/losangeles/retail/CBRE-Arranges-50M-Cash-Shopping-Center-Sale-331604.html

CoStar's People of Note (March 24-30)

This week's People of Note includes the following markets: Chicago, Houston, Los Angeles, New York City, Northern New Jersey, San Diego and Western Michigan. LOS ANGELES NGKF Expands Capital Markets Coverage in L.A. By Laurie Forbes Newmark Grubb Knight Frank added Michael F. Kane as executive managing director in its capital markets group in downtown Los Angeles. The investment sales and capital solutions broker will focus on the gr



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-March-24-30/147073?ref=/News/Article/CoStars-People-of-Note-March-24-30/147073&src=rss

Hotels Trends: Asian Investors, Brands

LOS ANGELES-In an update to an earlier story about the sale of SLS Hotel Beverly Hills, JLL research experts and executives tell GlobeSt.com that branded assets and Asian buyers are emerging hospitality trends.

via Los Angeles http://www.globest.com/news/12_572/losangeles/hotel/Hotels-Trends-Asian-Investors-Brands-331597.html

Watch List Chart: Retail Property Owners Using Ch.11 To Protect Their Centers

Centre Properties placed three of its 26 retail properties in Chapter 11 protection. Bank of America, the mortgage holder on all three properties, filed foreclosure proceedings in January. In order to reach an agreement for Indianapolis-based Centre to pay off the debt on the properties, the developer has had ongoing negotiations with the bank, however, was unable to reach agreement because of the bank’s urgency to force repayment of the loans...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Watch-List-Chart-Retail-Property-Owners-Using-Ch11-To-Protect-Their-Centers/147022?ref=/News/Article/Watch-List-Chart-Retail-Property-Owners-Using-Ch11-To-Protect-Their-Centers/147022&src=rss

The CoStar Watch List Newsletter for March 28-April 3

This Week’s Top Stories Distressed CRE: It’s a Seller’s Market The market is good for bad properties right now; maybe too good. “If you can find a good distressed deal at a ‘distressed’ price, buy it. Good distressed assets are selling at market value (or above market value, depending on your opinion) at this point in the market recovery.” Read the Full Story... Macy’s Rethinks Distinction between Clicks and Bricks Could e-commerce actually...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/The-CoStar-Watch-List-Newsletter-for-March-28-April-3/147037?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-March-28-April-3/147037&src=rss

Heritage Court Sells for $4.8M

Capstone Advisors, Inc. purchased the Heritage Court shopping center at 44100 Jefferson St. in Indio, CA for $4.75 million from Sabal Financial Group LP. Built in 2006, the portion that sold includes a retail center with 41,478 square feet and two unimproved pad sites, providing the buyer future development opportunity. The improved portion was approximately 40 percent vacant at the close of escrow. Shaun Riley and Dennis Vaccaro of Faris...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Heritage-Court-Sells-for-$48M/146896?ref=/News/Article/Heritage-Court-Sells-for-$48M/146896&src=rss

Murrieta Industrial Condos Sell for $1.6M

US Bank NA, under the entity SA California Group, Inc., sold the 17,086-square-foot industrial condo property at 26015 Jefferson Ave. in Murrieta, CA to 2000 Gold LP for $1.6 million, or approximately $94 per square foot. Built in 2006, the multi-condo industrial property is part of the Jefferson Business Center located at the corner of Jefferson Ave. and Fig St. in Riverside County. John Daciolas and John Ewart of Newmark Grubb Knight Frank...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Murrieta-Industrial-Condos-Sell-for-$16M/146960?ref=/News/Article/Murrieta-Industrial-Condos-Sell-for-$16M/146960&src=rss

San Bernardino Industrial Trades For $11.9M

CT California Realty Fund VII purchased the fully-leased industrial building at 1333 S. Tippecanoe Ave. in San Bernardino, CA for $11.9 million, or approximately $53 per square foot. The seller, Loma Linda University, will remain in the building and lease back the property from the buyer. The 225,000-square-foot building is located at the northeast corner of E. Victoria Ave. sits on a 7.9-acre parcel. Building features include three loading docks...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907?ref=/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907&src=rss

Riverside Chase Bank Branch Sells for $5M

A private investor purchased the bank branch building at 10355 Magnolia Ave. in Riverside, CA for $5 million, or about $812 per square foot, from Remarc Management, Inc. Built in 1987, the retail property totals 6,160 square feet on 0.21 acres, part of the Michael's Plaza shopping center located at the northwest corner of Magnolia Ave. and Tyler St., across from the Galleria at Tyler Mall. The branch is fully leased to Chase Bank on a triple...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Riverside-Chase-Bank-Branch-Sells-for-$5M/146778?ref=/News/Article/Riverside-Chase-Bank-Branch-Sells-for-$5M/146778&src=rss

Overton Moore Sells New Fontana Warehouse For $29.6M

Gardena, CA-based Overton Moore Properties (OMP) has sold the recently completed 419,823-square-foot OMP Fontana Logistics Center in Fontana's Southwest Industrial Park for $29.6 million. Overton Moore CEO Timur Tecimer said the sale of the property at 10825 Beech Ave. to Santa Fe Springs, CA-based furniture importer and distributor Coaster Co. of America demonstrates the ongoing strength of the Inland Empire industrial market, noting that "low...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Overton-Moore-Sells-New-Fontana-Warehouse-For-$296M/146722?ref=/News/Article/Overton-Moore-Sells-New-Fontana-Warehouse-For-$296M/146722&src=rss

Fontana Industrial Sells for $3.2M

Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale. Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

Watch List Chart: Retail Property Owners Using Ch.11 To Protect Their Centers

Centre Properties placed three of its 26 retail properties in Chapter 11 protection. Bank of America, the mortgage holder on all three properties, filed foreclosure proceedings in January. In order to reach an agreement for Indianapolis-based Centre to pay off the debt on the properties, the developer has had ongoing negotiations with the bank, however, was unable to reach agreement because of the bank’s urgency to force repayment of the loans...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Watch-List-Chart-Retail-Property-Owners-Using-Ch11-To-Protect-Their-Centers/147022?ref=/News/Article/Watch-List-Chart-Retail-Property-Owners-Using-Ch11-To-Protect-Their-Centers/147022&src=rss

The CoStar Watch List Newsletter for March 28-April 3

This Week’s Top Stories Distressed CRE: It’s a Seller’s Market The market is good for bad properties right now; maybe too good. “If you can find a good distressed deal at a ‘distressed’ price, buy it. Good distressed assets are selling at market value (or above market value, depending on your opinion) at this point in the market recovery.” Read the Full Story... Macy’s Rethinks Distinction between Clicks and Bricks Could e-commerce actually...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-March-28-April-3/147037?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-March-28-April-3/147037&src=rss

Heritage Court Sells for $4.8M

Capstone Advisors, Inc. purchased the Heritage Court shopping center at 44100 Jefferson St. in Indio, CA for $4.75 million from Sabal Financial Group LP. Built in 2006, the portion that sold includes a retail center with 41,478 square feet and two unimproved pad sites, providing the buyer future development opportunity. The improved portion was approximately 40 percent vacant at the close of escrow. Shaun Riley and Dennis Vaccaro of Faris...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Heritage-Court-Sells-for-$48M/146896?ref=/News/Article/Heritage-Court-Sells-for-$48M/146896&src=rss

Murrieta Industrial Condos Sell for $1.6M

US Bank NA, under the entity SA California Group, Inc., sold the 17,086-square-foot industrial condo property at 26015 Jefferson Ave. in Murrieta, CA to 2000 Gold LP for $1.6 million, or approximately $94 per square foot. Built in 2006, the multi-condo industrial property is part of the Jefferson Business Center located at the corner of Jefferson Ave. and Fig St. in Riverside County. John Daciolas and John Ewart of Newmark Grubb Knight Frank...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Murrieta-Industrial-Condos-Sell-for-$16M/146960?ref=/News/Article/Murrieta-Industrial-Condos-Sell-for-$16M/146960&src=rss

San Bernardino Industrial Trades For $11.9M

CT California Realty Fund VII purchased the fully-leased industrial building at 1333 S. Tippecanoe Ave. in San Bernardino, CA for $11.9 million, or approximately $53 per square foot. The seller, Loma Linda University, will remain in the building and lease back the property from the buyer. The 225,000-square-foot building is located at the northeast corner of E. Victoria Ave. sits on a 7.9-acre parcel. Building features include three loading docks...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907?ref=/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907&src=rss

Riverside Chase Bank Branch Sells for $5M

A private investor purchased the bank branch building at 10355 Magnolia Ave. in Riverside, CA for $5 million, or about $812 per square foot, from Remarc Management, Inc. Built in 1987, the retail property totals 6,160 square feet on 0.21 acres, part of the Michael's Plaza shopping center located at the northwest corner of Magnolia Ave. and Tyler St., across from the Galleria at Tyler Mall. The branch is fully leased to Chase Bank on a triple...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Riverside-Chase-Bank-Branch-Sells-for-$5M/146778?ref=/News/Article/Riverside-Chase-Bank-Branch-Sells-for-$5M/146778&src=rss

Overton Moore Sells New Fontana Warehouse For $29.6M

Gardena, CA-based Overton Moore Properties (OMP) has sold the recently completed 419,823-square-foot OMP Fontana Logistics Center in Fontana's Southwest Industrial Park for $29.6 million. Overton Moore CEO Timur Tecimer said the sale of the property at 10825 Beech Ave. to Santa Fe Springs, CA-based furniture importer and distributor Coaster Co. of America demonstrates the ongoing strength of the Inland Empire industrial market, noting that "low...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Overton-Moore-Sells-New-Fontana-Warehouse-For-$296M/146722?ref=/News/Article/Overton-Moore-Sells-New-Fontana-Warehouse-For-$296M/146722&src=rss

Fontana Industrial Sells for $3.2M

Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale. Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

What Makes Industrial So Special?

LOS ANGELES-Whether it is the ease of management, or trouble-free leasing, industrial experts at RealShare L.A. agree that that particular product type is the Clydesdale in the industry.

via Los Angeles http://www.globest.com/news/12_572/losangeles/industrial/What-Makes-Industrial-So-Special-331558.html

Tranisit Oriented Multifamily in Chinatown Completed

LOS ANGELES, CA—Meta Housing Invested $43M in the 123-unit building near downtown.

via Los Angeles http://www.globest.com/news/12_571/losangeles/multifamily/Tranisit-Oriented-Multifamily-in-Chinatown-Completed-331575.html

Expert: Maybe Too Much Development in Multifamily

LOS ANGELES-At the Sklar Kirsh LLP Reception last night, partner Andrew Kirsh, who moderator of the development panel at RealShare L.A. yesterday, gave us a few more thoughts on development and demand.

via Los Angeles http://www.globest.com/news/12_571/losangeles/development/Expert-Maybe-Too-Much-Development-in-Multifamily-331557.html

Watch List Chart: Retail Property Owners Using Ch.11 To Protect Their Centers

Centre Properties placed three of its 26 retail properties in Chapter 11 protection. Bank of America, the mortgage holder on all three properties, filed foreclosure proceedings in January. In order to reach an agreement for Indianapolis-based Centre to pay off the debt on the properties, the developer has had ongoing negotiations with the bank, however, was unable to reach agreement because of the bank’s urgency to force repayment of the loans...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Watch-List-Chart-Retail-Property-Owners-Using-Ch11-To-Protect-Their-Centers/147022?ref=/News/Article/Watch-List-Chart-Retail-Property-Owners-Using-Ch11-To-Protect-Their-Centers/147022&src=rss

The CoStar Watch List Newsletter for March 28-April 3

This Week’s Top Stories Distressed CRE: It’s a Seller’s Market The market is good for bad properties right now; maybe too good. “If you can find a good distressed deal at a ‘distressed’ price, buy it. Good distressed assets are selling at market value (or above market value, depending on your opinion) at this point in the market recovery.” Read the Full Story... Macy’s Rethinks Distinction between Clicks and Bricks

Westside Strength Creates Halo Effect

LOS ANGELES-Panelists at RealShare L.A. yesterday talked about the strength of the Westside, Santa Monica office market and how that force will spread to Playa del Rey, El Segundo, and maybe even Downtown L.A.

via Los Angeles http://www.globest.com/news/12_571/losangeles/office/Westside-Strength-Creates-Halo-Effect-331537.html

Heritage Court Sells for $4.8M

Capstone Advisors, Inc. purchased the Heritage Court shopping center at 44100 Jefferson St. in Indio, CA for $4.75 million from Sabal Financial Group LP. Built in 2006, the portion that sold includes a retail center with 41,478 square feet and two unimproved pad sites, providing the buyer future development opportunity. The improved portion was approximately 40 percent vacant at the close of escrow. Shaun Riley and Dennis Vaccaro of Faris...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Heritage-Court-Sells-for-$48M/146896?ref=/News/Article/Heritage-Court-Sells-for-$48M/146896&src=rss

Murrieta Industrial Condos Sell for $1.6M

US Bank NA, under the entity SA California Group, Inc., sold the 17,086-square-foot industrial condo property at 26015 Jefferson Ave. in Murrieta, CA to 2000 Gold LP for $1.6 million, or approximately $94 per square foot. Built in 2006, the multi-condo industrial property is part of the Jefferson Business Center located at the corner of Jefferson Ave. and Fig St. in Riverside County. John Daciolas and John Ewart of Newmark Grubb Knight Frank...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Murrieta-Industrial-Condos-Sell-for-$16M/146960?ref=/News/Article/Murrieta-Industrial-Condos-Sell-for-$16M/146960&src=rss

Murrieta Industrial Condos Sell for $1.6M

US Bank NA, under the entity SA California Group, Inc., sold the 17,086-square-foot industrial condo property at 26015 Jefferson Ave. in Murrieta, CA to 2000 Gold LP for $1.6 million, or approximately $94 per square foot. Built in 2006, the multi-condo industrial property is part of the Jefferson Business Center located at the corner of Jefferson Ave. and Fig St. in Riverside County. John Daciolas and John Ewart of Newmark Grubb Knight Frank...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Murrieta-Industrial-Condos-Sell-for-$16M/146960?ref=/News/Article/Murrieta-Industrial-Condos-Sell-for-$16M/146960&src=rss

Heritage Court Sells for $4.8M

Capstone Advisors, Inc. purchased the Heritage Court shopping center at 44100 Jefferson St. in Indio, CA for $4.75 million from Sabal Financial Group LP. Built in 2006, the portion that sold includes a retail center with 41,478 square feet and two unimproved pad sites, providing the buyer future development opportunity. The improved portion was approximately 40 percent vacant at the close of escrow. Shaun Riley and Dennis Vaccaro of Faris...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Heritage-Court-Sells-for-$48M/146896?ref=/News/Article/Heritage-Court-Sells-for-$48M/146896&src=rss

Experts: Capital Spigots Will Remain Open

LOS ANGELES-The opening economics panel at RealShare Los Angeles was mostly bullish on the state of the market for 2013, but slightly worrisome about what might happen to interest rates in 2014.

via Los Angeles http://www.globest.com/news/12_570/national/multifamily/Experts-Capital-Spigots-Will-Remain-Open-331518.html

San Bernardino Industrial Trades For $11.9M

CT California Realty Fund VII purchased the fully-leased industrial building at 1333 S. Tippecanoe Ave. in San Bernardino, CA for $11.9 million, or approximately $53 per square foot. The seller, Loma Linda University, will remain in the building and lease back the property from the buyer. The 225,000-square-foot building is located at the northeast corner of E. Victoria Ave. sits on a 7.9-acre parcel. Building features include three loading docks...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907?ref=/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907&src=rss

Fontana Industrial Sells for $3.2M

Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale. Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

The CoStar Watch List Newsletter for March 21-27

This Week’s Top Stories Sporting Gun Stores Aim for Steady Growth with Little Contraction While lawmakers continue to debate potential gun-control policies in the wake of several recent outbreaks of extreme gun violence, a handful of specialized retailers that cater to highly selective outdoor and gun enthusiasts, have defied the general retail downturn by posting strong sales over the past several years. But all the recent media coverage and...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-March-21-27/146818?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-March-21-27/146818&src=rss

Where Are the L.A. Opportunities?

LOS ANGELES-It’s not too late to come and hear more forecast from speakers and panelists at RealShare L.A., being held today at the Hyatt Regency Century Plaza Los Angeles.

via Los Angeles http://www.globest.com/news/12_570/losangeles/leasing/Where-Are-the-LA-Opportunities-331504.html

San Bernardino Industrial Trades For $11.9M

CT California Realty Fund VII purchased the fully-leased industrial building at 1333 S. Tippecanoe Ave. in San Bernardino, CA for $11.9 million, or approximately $53 per square foot. The seller, Loma Linda University, will remain in the building and lease back the property from the buyer. The 225,000-square-foot building is located at the northeast corner of E. Victoria Ave. sits on a 7.9-acre parcel. Building features include three loading docks...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907?ref=/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907&src=rss

$84M Rail Project Kicks Off

LONG BEACH, CA-The Green Port Gateway Rail Project is expected to generate hundreds of construction jobs.

via Los Angeles http://www.globest.com/news/12_569/losangeles/other/84M-Rail-Project-Kicks-Off-331460.html

GRS Launches Texas Expansion with Dallas Office

DALLAS-The Los Angeles-based assessment and title services company hangs its shingle in Big D, bringing Suzette Switzer Hines on board to offer services locally and to spearhead expansion throughout the state.

via Los Angeles http://www.globest.com/news/12_569/dallas/young_professionals/GRS-Launches-Texas-Expansion-with-Dallas-Office-331440.html

Phase II of $67M Project Under Way

WESTCHESTER, CA-Bernards begins the final phase of Playa Del Oro, a mixed-use project here owned by Decron Properties.

via Los Angeles http://www.globest.com/news/12_569/losangeles/development/Phase-II-of-67M-Project-Under-Way-331418.html

Vestar and UBS Drop $87.3M for Retail Property

ROLLING HILLS ESTATES—Upscale center in affluent suburb is 88 percent leased.

via Los Angeles http://www.globest.com/news/12_569/losangeles/retail/Vestar-and-UBS-Drop-873M-for-Retail-Property-331432.html

Education Helps Retailers Bond

LOS ANGELES-In an UPDATE to this morning’s story, NewMark Merrill’s CEO Sandy Sigal tells GlobeSt.com that partnering with a local college benefits retail centers and their neighborhoods.

via Los Angeles http://www.globest.com/news/12_568/losangeles/retail/Education-Helps-Centers-Bond-with-Communities-331412.html

NGKF Expanding in SoCal as Michael Kane Joins

LOS ANGELES—Global investment advisor Michael Kane, formerly of CBRE, Is latest hire for rapidly growing firm.

via Los Angeles http://www.globest.com/news/12_568/losangeles/young_professionals/NGKF-Expanding-in-SoCal-as-Michael-Kane-Joins-331404.html

CoStar's People of Note (March 17-23)

This week's People of Note includes the following markets: Chicago, Denver, Greenville/Spartanburg, New York City, Philadelphia, San Francisco and Washington, DC. SAN FRANCISCO Churton Joins Jones Lang LaSalle as Managing Director By Laurie Forbes Jones Lang LaSalle deepened its brokerage bench in San Francisco with the addition of Jak Churton as managing director. The 13-year commercial real estate veteran will help lead the



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-March-17-23/146862?ref=/News/Article/CoStars-People-of-Note-March-17-23/146862&src=rss

Riverside Chase Bank Branch Sells for $5M

A private investor purchased the bank branch building at 10355 Magnolia Ave. in Riverside, CA for $5 million, or about $812 per square foot, from Remarc Management, Inc. Built in 1987, the retail property totals 6,160 square feet on 0.21 acres, part of the Michael's Plaza shopping center located at the northwest corner of Magnolia Ave. and Tyler St., across from the Galleria at Tyler Mall. The branch is fully leased to Chase Bank on a triple...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Riverside-Chase-Bank-Branch-Sells-for-$5M/146778?ref=/News/Article/Riverside-Chase-Bank-Branch-Sells-for-$5M/146778&src=rss

Overton Moore Sells New Fontana Warehouse For $29.6M

Gardena, CA-based Overton Moore Properties (OMP) has sold the recently completed 419,823-square-foot OMP Fontana Logistics Center in Fontana's Southwest Industrial Park for $29.6 million. Overton Moore CEO Timur Tecimer said the sale of the property at 10825 Beech Ave. to Santa Fe Springs, CA-based furniture importer and distributor Coaster Co. of America demonstrates the ongoing strength of the Inland Empire industrial market, noting that "low...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Overton-Moore-Sells-New-Fontana-Warehouse-For-$296M/146722?ref=/News/Article/Overton-Moore-Sells-New-Fontana-Warehouse-For-$296M/146722&src=rss

E-Commerce, Global Trade Drive Airport Real Estate Markets

LOS ANGELES—Jones Lang LaSalle Airport Index identifies markets with the most potential.

via Los Angeles http://www.globest.com/news/12_568/losangeles/economy/E-Commerce-Global-Trade-Drive-Airport-Real-Estate-Markets-331392.html

Retail Training Goes Back to School

LOS ANGELES-NewMark Merrill Cos. is offering retail employees the opportunity to sample practical courses at Fremont College.

via Los Angeles http://www.globest.com/news/12_568/losangeles/retail/Retail-Training-Goes-Back-to-School-331364.html

CoStar's People of Note (March 17-23)

This week's People of Note includes the following markets: Chicago, Denver, Greenville/Spartanburg, New York City, Philadelphia, San Francisco and Washington, DC. SAN FRANCISCO Churton Joins Jones Lang LaSalle as Managing Director By Laurie Forbes Jones Lang LaSalle deepened its brokerage bench in San Francisco with the addition of Jak Churton as managing director. The 13-year commercial real estate veteran will help lead the



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-March-17-23/146862?ref=/News/Article/CoStars-People-of-Note-March-17-23/146862&src=rss

Maguire Gains $105M Office-Campus Loan

PLAYA VISTA, CA-The investment firm will use the funds for tenant improvements and leasing commissions for new leases on available space.

via Los Angeles http://www.globest.com/news/12_567/losangeles/office/Maguire-Gains-105M-Office-Campus-Loan-331361.html

TRG to Invest $50M in Downtown Multifamily Properties

LOS ANGELES—Acquisition of century-old apartment near LA Live should be first of many.

via Los Angeles http://www.globest.com/news/12_567/losangeles/multifamily/TRG-to-Invest-50M-in-Downtown-Multifamily-Properties-331354.html

TRG Buys Century-Old Downtown Apartment Building

LOS ANGELES—Acquisition is first in company’s plans to invest up to $50M in Downtown LA multifamily housing.

via Los Angeles http://www.globest.com/news/12_567/losangeles/multifamily/TRG-Buys-Century-Old-Downtown-Apartment-Building-331354.html

Toomey Joins Colliers International

TORRANCE, CA-GlobeSt.com learns exclusively that the executive has been appointed SVP, focusing on retail developers and private shopping-center investors.

via Los Angeles http://www.globest.com/news/12_567/losangeles/employment/Toomey-Joins-Colliers-International-331309.html

Auction Site Accelerates Leasing Process

LOS ANGELES-In an UPDATE to this morning’s story, EverestAuctions.com’s founder Steve Winger tells GlobeSt.com how users experience the leasing site.

via Los Angeles http://www.globest.com/news/12_566/losangeles/leasing/Auction-Site-Accelerates-Leasing-Process-331305.html

Jones Lang LaSalle Secures $125M Refi for SLS Hotel at Beverly Hills

LOS ANGELES—Award-winning luxury hotel was designed by Philippe Starck and features chef José Andrés.

via Los Angeles http://www.globest.com/news/12_566/losangeles/hotel/Jones-Lang-LaSalle-Secures-125M-Refi-for-SLS-Hotel-at-Beverly-Hills-331301.html

The CoStar Watch List Newsletter for March 21-27

This Week’s Top Stories Gun Retailers Put Real Estate in Their Sights All the recent media coverage and interest in gun control is having the unintended result of driving up sales of guns and ammunition. So much so that many sporting gun stores after four years of slow growth are targeting renewed expansion with very little contraction in site. Read the Full Story... Tell Your Friends

Positive Economics Drives $25M, Two-Hotel Buy

PHOENIX-MIG Real Estate's Greg Merage tells GlobeSt.com that the region's rebound was one driver behind the company's acquisition of the Fairfield Inn & Suites and the Holiday Inn Express & Suites in Scottsdale.

via Los Angeles http://www.globest.com/news/12_566/phoenix/hotel/Positive-Economics-Drives-25M-Two-Hotel-Buy-331285.html

Leasing Auction Portal Launches

LOS ANGELES-EverestAuctions.com is the first auction site designed to facilitate the auction of leased commercial real estate space.

via Los Angeles http://www.globest.com/news/12_566/losangeles/leasing/Leasing-Auction-Portal-Launches-331251.html

Riverside Chase Bank Branch Sells for $5M

A private investor purchased the bank branch building at 10355 Magnolia Ave. in Riverside, CA for $5 million, or about $812 per square foot, from Remarc Management, Inc. Built in 1987, the retail property totals 6,160 square feet on 0.21 acres, part of the Michael's Plaza shopping center located at the northwest corner of Magnolia Ave. and Tyler St., across from the Galleria at Tyler Mall. The branch is fully leased to Chase Bank on a triple...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Riverside-Chase-Bank-Branch-Sells-for-$5M/146778?ref=/News/Article/Riverside-Chase-Bank-Branch-Sells-for-$5M/146778&src=rss

Charles Dunn Names Rich Higgins Managing Director

LOS ANGELES—Higgins comes from United Agencies Inc., and will focus to be on growing Dunn’s South Bay office market presence.

via Los Angeles http://www.globest.com/news/12_565/losangeles/young_professionals/Charles-Dunn-Names-Rich-Higgins-Managing-Director-331259.html

Sabine Joins Firm's Land-Use Practice

LOS ANGELES-Anita Sabine joins the Los Angeles office of Manatt, Phelps & Phillips as a partner in the real estate and land use practice.

via Los Angeles http://www.globest.com/news/12_565/losangeles/employment/Sabine-Joins-Firms-Land-Use-Practice-331249.html

Canyon Capital Funds $15M for Dallas Mixed Use

LOS ANGELES— Sylvan | Thirty, located at the intersection of I-30 and Sylvan Avenue, is expected to be a community hub for North Oak Cliff and West Dallas. Several retail and restaurant tenants are signed.

via Los Angeles http://www.globest.com/news/12_565/losangeles/retail/Canyon-Capital-Funds-15M-for-Dallas-Mixed-Use-331236.html

Historic Lofts on Sale Block

LOS ANGELES-The transaction is expected to be the largest single-apartment loft-conversion sale in L.A. since the Adaptive Reuse Ordinance was enacted in 1999.

via Los Angeles http://www.globest.com/news/12_565/losangeles/multifamily/Historic-Lofts-on-Sale-Block-331202.html

Creative Space Reflects 24/7 Environment

LOS ANGELES-The creative-space trend goes beyond open work spaces to represent a ‘whole lifestyle aspect,’ say speakers at a recent NAIOP SoCal event.

via Los Angeles http://www.globest.com/news/12_564/losangeles/office/Creative-Space-Reflects-247-Environment-331198.html

Transwestern Awarded Leasing Assignment for Khoshbin Purchases

HOUSTON-Close to a year after Irvine, CA-based Khoshbin re-acquired 10700 North Freeway and 333 N. Belt, it's ready to reposition the assets – and has tapped Transwestern for marketing and leasing.

via Los Angeles http://www.globest.com/news/12_564/houston/office/Transwestern-Awarded-Leasing-Assignment-for-Khoshbin-Purchases-331187.html

$22M Senior Apts. Breaks Ground

LONG BEACH, CA-WNC provides $7 million in LIHTC equity to construct Ramona Park, a planned 61-unit affordable senior-housing community here.

via Los Angeles http://www.globest.com/news/12_564/losangeles/multifamily/22M-Senior-Apts-Breaks-Ground-331149.html

Overton Moore Sells New Fontana Warehouse For $29.6M

Gardena, CA-based Overton Moore Properties (OMP) has sold the recently completed 419,823-square-foot OMP Fontana Logistics Center in Fontana's Southwest Industrial Park for $29.6 million. Overton Moore CEO Timur Tecimer said the sale of the property at 10825 Beech Ave. to Santa Fe Springs, CA-based furniture importer and distributor Coaster Co. of America demonstrates the ongoing strength of the Inland Empire industrial market, noting that "low...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Overton-Moore-Sells-New-Fontana-Warehouse-For-$296M/146722?ref=/News/Article/Overton-Moore-Sells-New-Fontana-Warehouse-For-$296M/146722&src=rss

DTZ Taps Richardson for SVP

LOS ANGELES-Todd Richardson is appointed SVP of business development for the firm’s Americas Facilities Management business unit.

via Los Angeles http://www.globest.com/news/12_563/losangeles/asset_management/DTZ-Taps-Richardson-for-SVP-331169.html

First Pacific Pointe Building Trades

LONG BEACH, CA-The first of seven premium corporate headquarters buildings at Pacific Pointe at Douglas Park here trades for roughly $12.7 million in this week’s wrap-up of deals.

via Los Angeles http://www.globest.com/news/12_563/losangeles/industrial/First-Pacific-Pointe-Building-Trades-331147.html

Sares-Regis Establishes $100 M Multifamily Fund

IRVINE, CA—New fund will be used to acquire assets in major western markets, the company says.

via Los Angeles http://www.globest.com/news/12_563/losangeles/multifamily/Sares-Regis-Establishes-100-M-Multifamily-Fund-331138.html

Kennedy Wilson Prices Common Stock Offering at $15.70

BEVERLY HILLS, CA—Company expects to raise $133.8 M on 9 million shares.

via Los Angeles http://www.globest.com/news/12_563/losangeles/other/Kennedy-Wilson-Prices-Common-Stock-Offering-at-1570-331113.html

Going Paperless Informs Space Use

LOS ANGELES-In CBRE’s recent webinar ‘The Changing Face of Space,’ the firm’s brokers and Allen Matkins attorneys say digitization and automation are shifting space use needs.

via Los Angeles http://www.globest.com/news/12_563/losangeles/leasing/Going-Paperless-Informs-Space-Use-331110.html

Funding Arranged for Multifamily Downtown Parcel

LOS ANGELES—Developer plans to build 60 market-rate units on half-acre site.

via Los Angeles http://www.globest.com/news/12_563/losangeles/multifamily/Funding-Arranged-for-Multifamily-Downtown-Parcel-331126.html

NorthMarq Provides $10.5 million Refi for Hillside Terrace

HOLLYWOOD, CA—NorthMarq Capital Arranged $10.5 Million Mortgage for Hillside Terrace Apartments in Los Angeles, CA.

via Los Angeles http://www.globest.com/news/12_563/losangeles/multifamily/NorthMarq-Provides-105-million-Refi-for-Hillside-Terrace-331123.html

CoStar's People of Note (March 10-16)

This week's People of Note includes the following markets: Baltimore, Dallas/Fort Worth, Detroit, Hampton Roads, Los Angeles, New York City, Northern New Jersey, South Florida and Washington, DC. HAMPTON ROADS Stearns Joins Jones Lang LaSalle as SVP By Kyle Sellers Deborah Stearns, a respected CRE leader who has been active in Virginia commercial real estate for 30 years, recently joined the Jones Lang LaSalle team in Hampton Roads as



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-March-10-16/146656?ref=/News/Article/CoStars-People-of-Note-March-10-16/146656&src=rss

Forecast: GDP to Reach 3% by 2014

LOS ANGELES-The country’s gross domestic product is poised to surpass the annual growth rate of the past four years, according to a UCLA Anderson Forecast.

via Los Angeles http://www.globest.com/news/12_562/losangeles/economy/Forecast-GDP-to-Reach-3-by-2014-331105.html

Largest CMBS-Related REOs So Far This Year

Information for these lead listings was provided by CoStar Group and Trepp LLC, a firm that provides surveillance data on loan and commercial real estate performance underlying the CMBS market. The keys to the following properties were all handed back to CMBS servicers this year. Share with Your Followers on Twitter Tweet Sheet1

Lollicup Preleases 300,000-SF First Chino Logistics Ctr

Lollicup USA, Inc. has pre-leased the entire 300,300-square-foot First Chino Logistics Center currently under construction at 6185 Kimball Ave. in Chino, CA for its new US headquarters. The specialty beverage retailer and supplier will take occupancy of the building when it delivers midway through the second quarter of 2013, housing its offices and production, distribution and service centers. Located at the corner of Magnolia Ave. in the West...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Lollicup-Preleases-300000-SF-First-Chino-Logistics-Ctr/146637?ref=/News/Article/Lollicup-Preleases-300000-SF-First-Chino-Logistics-Ctr/146637&src=rss

Green Bay Packaging Renews, Expands

Green Bay Packaging, Inc. renewed its lease at 10727 7th St. in Rancho Cucamonga, CA, expanding into 50,972 square feet there. The tenant now occupies the entire 50,972-square-foot building that sits on 2.6 acres in the Haven Commerce Center. The tenant was previously only occupying about half of the building and decided to lease the entire building. The 20,636 square feet that the firm expanded into became vacant in June 2012. The property...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Green-Bay-Packaging-Renews-Expands/146359?ref=/News/Article/Green-Bay-Packaging-Renews-Expands/146359&src=rss

The CoStar Watch List Newsletter for Mar. 14-20

This Week’s Top Stories Changing Office Trends Hold Major Implications for Future Office Demand Imagine what would happen if office tenants decided to use 20% less of the nation’s $1.25 trillion current office stock. Dr. Norm G. Miller, a professor at the University of San Diego, did and tallied $250 billion in excess office capacity. Well that is just what is playing out gradually in the office markets. Miller hosted a CoStar webinar on the topic...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-Mar-14-20/146646?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-Mar-14-20/146646&src=rss

Anschutz Co. To Retain Ownership of AEG

DENVER-Tim Leiweke, who has served as president and CEO of AEG since 1996, will be leaving the company by mutual agreement.

via Los Angeles http://www.globest.com/news/12_561/denver/office/Anschutz-Co-To-Retain-Ownership-of-AEG-331063.html

US Bank Tower Deal Boosts DTLA

LOS ANGELES-In an UPDATE to an earlier story, sources say the transaction has positive implications for Downtown’s office market.

via Los Angeles http://www.globest.com/news/12_561/losangeles/office/US-Bank-Tower-Deal-Boosts-DTLA-331056.html

The CoStar Watch List Newsletter for Mar. 14-20

This Week’s Top Stories Changing Office Trends Hold Major Implications for Future Office Demand Imagine what would happen if office tenants decided to use 20% less of the nation’s $1.25 trillion current office stock. Dr. Norm G. Miller, a professor at the University of San Diego, did and tallied $250 billion in excess office capacity. Well that is just what is playing out gradually in the office markets. Miller hosted a CoStar webinar on the topic...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-Mar-14-20/146646?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-Mar-14-20/146646&src=rss

What Do Today's Creative Tenants Want?

The growth of the tech, media and other non-traditional industries is also fueling demand for creative office space in markets across the country. Industry Partners’ Jim Jacobsen provides some insight into what these firms are looking for.

via Los Angeles http://www.globest.com/news/12_561/national/office/What-Do-Todays-Creative-Tenants-Want-331051.html

Jones Lang LaSalle Expands LA Group

LOS ANGELES—Industry veteran Mike McKeever joins firm as senior VP, tenant representation, coming from DTZ/UGL.

via Los Angeles http://www.globest.com/news/12_561/losangeles/other/Jones-Lang-LaSalle-Expands-LA-Group-331011.html

Largest CMBS-Related REOs So Far This Year

Information for these lead listings was provided by CoStar Group and Trepp LLC, a firm that provides surveillance data on loan and commercial real estate performance underlying the CMBS market. The keys to the following properties were all handed back to CMBS servicers this year. Share with Your Followers on Twitter Tweet Sheet1

Lollicup Preleases 300,000-SF First Chino Logistics Ctr

Lollicup USA, Inc. has pre-leased the entire 300,300-square-foot First Chino Logistics Center currently under construction at 6185 Kimball Ave. in Chino, CA for its new US headquarters. The specialty beverage retailer and supplier will take occupancy of the building when it delivers midway through the second quarter of 2013, housing its offices and production, distribution and service centers. Located at the corner of Magnolia Ave. in the West...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Lollicup-Preleases-300000-SF-First-Chino-Logistics-Ctr/146637?ref=/News/Article/Lollicup-Preleases-300000-SF-First-Chino-Logistics-Ctr/146637&src=rss

Green Bay Packaging Renews, Expands

Green Bay Packaging, Inc. renewed its lease at 10727 7th St. in Rancho Cucamonga, CA, expanding into 50,972 square feet there. The tenant now occupies the entire 50,972-square-foot building that sits on 2.6 acres in the Haven Commerce Center. The tenant was previously only occupying about half of the building and decided to lease the entire building. The 20,636 square feet that the firm expanded into became vacant in June 2012. The property...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Green-Bay-Packaging-Renews-Expands/146359?ref=/News/Article/Green-Bay-Packaging-Renews-Expands/146359&src=rss

Inland Empire Real Estate Brokers Win CoStar Power Broker Awards

The annual CoStar Power Broker Awards have been announced and the winners include several top firms and real estate brokers in Inland Empire. Recognizing the "best of the best" in commercial real estate brokerage, the CoStar Power Broker Awards are presented each year to local real estate firms and individual brokers who achieved the highest transaction volume in commercial property sales and leases in their market during 2012. The following top...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Inland-Empire-Real-Estate-Brokers-Win-CoStar-Power-Broker-Awards/146441?ref=/News/Article/Inland-Empire-Real-Estate-Brokers-Win-CoStar-Power-Broker-Awards/146441&src=rss

CoStar's People of Note (March 3-9)

This week's People of Note includes the following markets: Baltimore/Philadelphia, Boston, Charlotte, Chicago, Cleveland/Northern Ohio, Denver, Houston, New York City and Raleigh/Durham. CHARLOTTE, RALEIGH/DURHAM JLL Hires Howard To Expand Multifamily Sales By CoStar Research Jones Lang LaSalle Capital Markets has hired Andrea Howard as senior vice president to expand its multifamily sales and financing platform in North an



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/CoStars-People-of-Note-March-3-9/146421?ref=/News/Article/CoStars-People-of-Note-March-3-9/146421&src=rss

Lake Elsinore Industrial Portfolio Trades for $2.6M

Dunbar Real Estate Investment Management sold three industrial buildings located at 31947-31951 Corydon Rd. in Lake Elsinore, CA to an investment corporation for $2.6 million, or about $66 per square foot. The three buildings that make up Skypark Industrial Center, located on a 2.76-acre parcel in the South Riverside submarket, total 39,035 square-feet. Built in 2006, the asset was 86 percent occupied at time of sale. Carey Pastor of Coldwell...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Lake-Elsinore-Industrial-Portfolio-Trades-for-$26M/146345?ref=/News/Article/Lake-Elsinore-Industrial-Portfolio-Trades-for-$26M/146345&src=rss

The CoStar Watch List Newsletter for Mar. 7-13

This Week’s Top Stories Banks Edge Back Into Investment Property Lending Banks boosted their overall lending for commercial real estate in 2012 with total CRE loan balances outstanding at year-end up 3% year-over-year. Investment property loans showed the biggest gain, ending 2012 up 11%. And multifamily loans were up 7% year-over-year. Still, a great deal of disparity exists between which banks are lending again and which borrowers and markets...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/The-CoStar-Watch-List-Newsletter-for-Mar-7-13/146387?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-Mar-7-13/146387&src=rss

Lollicup Preleases 300,000-SF First Chino Logistics Ctr

Lollicup USA, Inc. has pre-leased the entire 300,300-square-foot First Chino Logistics Center currently under construction at 6185 Kimball Ave. in Chino, CA for its new US headquarters. The specialty beverage retailer and supplier will take occupancy of the building when it delivers midway through the second quarter of 2013, housing its offices and production, distribution and service centers. Located at the corner of Magnolia Ave. in the West...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Lollicup-Preleases-300000-SF-First-Chino-Logistics-Ctr/146637?ref=/News/Article/Lollicup-Preleases-300000-SF-First-Chino-Logistics-Ctr/146637&src=rss

Largest CMBS-Related REOs So Far This Year

Information for these lead listings was provided by CoStar Group and Trepp LLC, a firm that provides surveillance data on loan and commercial real estate performance underlying the CMBS market. The keys to the following properties were all handed back to CMBS servicers this year. Share with Your Followers on Twitter Tweet Sheet1

Women Can Move to the Top

LOS ANGELES-Jana Turner, principal of RETS, a commercial real estate recruitment firm, has moved through the ranks of the commercial real estate industry. Through her journey, she has noticed that the field has been increasingly more welcoming to women – a good sign moving forward.

via Los Angeles http://www.globest.com/news/12_560/national/development/Women-Can-Move-to-the-Top-331007.html

Healthcare Construction Finance Program Launches

LOS ANGELES-CapitalSource begins the program to help skilled-nursing providers upgrade their facilities.

via Los Angeles http://www.globest.com/news/12_560/losangeles/medical_office/Healthcare-Construction-Finance-Program-Launches-331004.html

364-Unit Raintree Changes Hands

TUCSON-Buyer Summit Equity follows its December buy of the 240-unit Palomino Crossing with the close to $10 million acquisition of the class B Raintree.

via Los Angeles http://www.globest.com/news/12_560/tucson/multifamily/364-Unit-Raintree-Changes-Hands-330990.html

Exclusive Interview with Craig Meyer

LOS ANGELES-GlobeSt.com speaks exclusively with Jones Lang LaSalle’s international director and head of its logistics and industrial services group about the West Coast industrial landscape in 2013.

via Los Angeles http://www.globest.com/news/12_560/losangeles/industrial/Exclusive-Interview-with-Craig-Meyer-330934.html

Construction Authority OKs Alternative Gold Line Extension

MONROVIA, CA— Action moves highly anticipated 12.3-mile light rail extension project forward, as board also certifies the final environmental impact report.

via Los Angeles http://www.globest.com/news/12_560/losangeles/development/Construction-Authority-OKs-Alternative-Gold-Line-Extension-330962.html

Port OKs Pact for New Oil Terminal

LONG BEACH, CA— The project would develop vacant ‘Pier Echo’ site on Pier T.

via Los Angeles http://www.globest.com/news/12_560/losangeles/industrial/Port-OKs-Pact-for-New-Oil-Terminal-330963.html

Green Bay Packaging Renews, Expands

Green Bay Packaging, Inc. renewed its lease at 10727 7th St. in Rancho Cucamonga, CA, expanding into 50,972 square feet there. The tenant now occupies the entire 50,972-square-foot building that sits on 2.6 acres in the Haven Commerce Center. The tenant was previously only occupying about half of the building and decided to lease the entire building. The 20,636 square feet that the firm expanded into became vacant in June 2012. The property...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Green-Bay-Packaging-Renews-Expands/146359?ref=/News/Article/Green-Bay-Packaging-Renews-Expands/146359&src=rss

Freddie Mac Talks of Reinstating Programs

LOS ANGELES-A recent fireside chat between David Brickman of Freddie Mac Multifamily and CBRE’s Brian Eisendrath here reveals that the GSE may bring back some value-add programs.

via Los Angeles http://www.globest.com/news/12_559/losangeles/multifamily/Freddie-Mac-Talks-of-Reinstating-Programs-330932.html

ASB Adds to Retail Holdings with Tony $39M Portfolio

LOS ANGELES—Single story buildings are located in some of the most upscale and most trendy shopping destinations in Southern California.

via Los Angeles http://www.globest.com/news/12_559/losangeles/retail/ASB-Adds-to-Retail-Holdings-with-Tony-39M-Portfolio-330930.html

Walkable Urban Spaces Are the Next Wave

LOS ANGELES-The number of communities in L.A. accessible by means other than a car will triple by 2030, say panelists at the recent USC Gould School of Law real estate forum.

via Los Angeles http://www.globest.com/news/12_559/losangeles/multifamily/Walkable-Urban-Spaces-are-Next-Wave-330893.html

Oaktree and Partner Acquire $240 M East Coast Portfolio

LOS ANGELES—First States Investors B is the seller of 40 buildings located in eight states. The properties are 90% leased to Wells Fargo.

via Los Angeles http://www.globest.com/news/12_559/losangeles/office/Oaktree-Funds-and-Partner-Acquire-240-M-East-Coast-Portfolio-330902.html

Lake Elsinore Industrial Portfolio Trades for $2.6M

Dunbar Real Estate Investment Management sold three industrial buildings located at 31947-31951 Corydon Rd. in Lake Elsinore, CA to an investment corporation for $2.6 million, or about $66 per square foot. The three buildings that make up Skypark Industrial Center, located on a 2.76-acre parcel in the South Riverside submarket, total 39,035 square-feet. Built in 2006, the asset was 86 percent occupied at time of sale. Carey Pastor of Coldwell...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Lake-Elsinore-Industrial-Portfolio-Trades-for-$26M/146345?ref=/News/Article/Lake-Elsinore-Industrial-Portfolio-Trades-for-$26M/146345&src=rss

Creative Space, Hospitality Drive L.A. in '13

LOS ANGELES-In this RealShare Los Angeles preview, the need to attract and retain talent as well as convention business will be top of mind for L.A. this year, says Chris Cooper of Avison Young.

via Los Angeles http://www.globest.com/news/12_556/losangeles/hotel/Creative-Space-Hospitality-Drive-LA-in-13-330892.html

Singapore Firm Pays $367M for Tower

LOS ANGELES-Overseas Union Enterprise Limited acquires US Bank Tower downtown from a subsidiary of MPG Office Trust.

via Los Angeles http://www.globest.com/news/12_556/losangeles/office/Singapore-Firm-Pays-367M-for-Tower-330888.html

Hollywood's Tallest Residential High-rise on the Market

LOS ANGELES—Designed as a 20-story office building, Sunset Vine Tower was fully redeveloped into a premier mixed-use property.

via Los Angeles http://www.globest.com/news/12_556/losangeles/multifamily/Hollywoods-Tallest-Residential-High-rise-on-the-Market-330886.html

NGKF Lures Top Retail Expert

LOS ANGELES-Jay Luchs joins Newmark Grubb Knight Frank’s retail division as a bicoastal advisor and EVP.

via Los Angeles http://www.globest.com/news/12_556/losangeles/retail/NGKF-Lures-Top-Retail-Expert-330845.html

Lake Elsinore Industrial Portfolio Trades for $2.6M

Dunbar Real Estate Investment Management sold three industrial buildings located at 31947-31951 Corydon Rd. in Lake Elsinore, CA to an investment corporation for $2.6 million, or about $66 per square foot. The three buildings that make up Skypark Industrial Center, located on a 2.76-acre parcel in the South Riverside submarket, total 39,035 square-feet. Built in 2006, the asset was 86 percent occupied at time of sale. Carey Pastor of Coldwell...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Lake-Elsinore-Industrial-Portfolio-Trades-for-$26M/146345?ref=/News/Article/Lake-Elsinore-Industrial-Portfolio-Trades-for-$26M/146345&src=rss

Fontana Industrial Sells for $3.2M

Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale. Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

Inland Empire Real Estate Brokers Win CoStar Power Broker Awards

The annual CoStar Power Broker Awards have been announced and the winners include several top firms and real estate brokers in Inland Empire. Recognizing the "best of the best" in commercial real estate brokerage, the CoStar Power Broker Awards are presented each year to local real estate firms and individual brokers who achieved the highest transaction volume in commercial property sales and leases in their market during 2012. The following top...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Inland-Empire-Real-Estate-Brokers-Win-CoStar-Power-Broker-Awards/146441?ref=/News/Article/Inland-Empire-Real-Estate-Brokers-Win-CoStar-Power-Broker-Awards/146441&src=rss

CoStar's People of Note (March 3-9)

This week's People of Note includes the following markets: Baltimore/Philadelphia, Boston, Charlotte, Chicago, Cleveland/Northern Ohio, Denver, Houston, New York City and Raleigh/Durham. CHARLOTTE, RALEIGH/DURHAM JLL Hires Howard To Expand Multifamily Sales By CoStar Research Jones Lang LaSalle Capital Markets has hired Andrea Howard as senior vice president to expand its multifamily sales and financing platform in North an



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-March-3-9/146421?ref=/News/Article/CoStars-People-of-Note-March-3-9/146421&src=rss

The CoStar Watch List Newsletter for Mar. 7-13

This Week’s Top Stories Banks Edge Back Into Investment Property Lending Banks boosted their overall lending for commercial real estate in 2012 with total CRE loan balances outstanding at year-end up 3% year-over-year. Investment property loans showed the biggest gain, ending 2012 up 11%. And multifamily loans were up 7% year-over-year. Still, a great deal of disparity exists between which banks are lending again and which borrowers and markets...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-Mar-7-13/146387?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-Mar-7-13/146387&src=rss

Inland Empire Real Estate Brokers Win CoStar Power Broker Awards

The annual CoStar Power Broker Awards have been announced and the winners include several top firms and real estate brokers in Inland Empire. Recognizing the "best of the best" in commercial real estate brokerage, the CoStar Power Broker Awards are presented each year to local real estate firms and individual brokers who achieved the highest transaction volume in commercial property sales and leases in their market during 2012. The following top...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Inland-Empire-Real-Estate-Brokers-Win-CoStar-Power-Broker-Awards/146441?ref=/News/Article/Inland-Empire-Real-Estate-Brokers-Win-CoStar-Power-Broker-Awards/146441&src=rss

CoStar's People of Note (March 3-9)

This week's People of Note includes the following markets: Baltimore/Philadelphia, Boston, Charlotte, Chicago, Cleveland/Northern Ohio, Denver, Houston, New York City and Raleigh/Durham. CHARLOTTE, RALEIGH/DURHAM JLL Hires Howard To Expand Multifamily Sales By CoStar Research Jones Lang LaSalle Capital Markets has hired Andrea Howard as senior vice president to expand its multifamily sales and financing platform in North an



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-March-3-9/146421?ref=/News/Article/CoStars-People-of-Note-March-3-9/146421&src=rss

Mesa West Inks $34 M Refi for Tempe Properties

LOS ANGELES AND PHOENIX— The two Class A office buildings, a five-story and adjacent four-story building total 299,000 square feet and are 99 percent occupied. They were acquired by Brookfield from JP Morgan Chase in 2007.

via Los Angeles http://www.globest.com/news/12_558/phoenix/office/Mesa-West-Inks-34-M-Refi-for-Tempe-Properties-330837.html

M West Snags Guardian Arms

LOS ANGELES-The iconic seven-story former hotel, known as the New Hollywood Apartments, consists of 101 multifamily units and approximately 9,000 square feet of ground-floor retail space.

via Los Angeles http://www.globest.com/news/12_558/losangeles/multifamily/M-West-Snags-Guardian-Arms-330789.html

Partnership Creates Dworsky Interiorscape, LLC

GARDENA, CA—New company will offer interior landscaping services to southern California market.

via Los Angeles http://www.globest.com/news/12_557/losangeles/office/Partnership-Creates-Dworsky-Interiorscape-LLC-330798.html

Premier Business Centers Acquires El Segundo Location

LOS ANGELES—The 20th floor location on Sepulveda offers freeway access, full amenities and terrific views.

via Los Angeles http://www.globest.com/news/12_557/losangeles/office/Premier-Business-Centers-Acquires-El-Segundo-Location-330790.html

Waterstone Walnut Ridge Fetches $56M

LOS ANGELES-A private West Coast investment firm sells the asset, which it purchased in 2005.

via Los Angeles http://www.globest.com/news/12_557/losangeles/multifamily/Waterstone-Walnut-Ridge-Fetches-56M-330786.html

Griffin Capital REIT Closes on $105.6 Million Refi of Eight Assets

EL SEGUNDO, CA—The office and industrial properties' tenants include such household names as Comcast Cable Holdings, GE Aviation, Westinghouse Electric and others, and the weighted-average remaining lease term exceeds nine years. Key Bank Real Estate Capital represented the borrower on this financing

via Los Angeles http://www.globest.com/news/12_557/losangeles/office/Griffin-Capital-REIT-Closes-on-1056-Million-Refi-of-Eight-Assets-330785.html

Terreno Realty Negotiates Lease Extension in Commerce

SAN FRANCISCO—Agreement includes expansion from 65,000 sf to 116,000 sf. Least extended to March 2018.

via Los Angeles http://www.globest.com/news/12_557/losangeles/industrial/Terreno-Realty-Negotiates-Lease-Extension-in-Commerce-330766.html

Homebuilders Offer Discounts in March

LOS ANGELES-This month, developers of several communities in Los Angeles and Ventura counties will offer substantial savings to homebuyers.

via Los Angeles http://www.globest.com/news/12_557/losangeles/development/Homebuilders-Offer-Discounts-in-March-330735.html

The CoStar Watch List Newsletter for Mar. 7-13

This Week’s Top Stories Banks Edge Back Into Investment Property Lending Banks boosted their overall lending for commercial real estate in 2012 with total CRE loan balances outstanding at year-end up 3% year-over-year. Investment property loans showed the biggest gain, ending 2012 up 11%. And multifamily loans were up 7% year-over-year. Still, a great deal of disparity exists between which banks are lending again and which borrowers and markets...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-Mar-7-13/146387?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-Mar-7-13/146387&src=rss

CBRE Group, Inc. Announces New Senior Secured Credit Facilities Proposal

LOS ANGELES—Targeting secured revolving credit of approximately $1 billion.

via Los Angeles http://www.globest.com/news/12_553/losangeles/CBRE-Group-Inc-Announces-New-Senior-Secured-Credit-Facilities-Proposal-330747.html

Melia Homes Anticipates Growth as Housing Rebounds

IRVINE, CA—Niche builder generates more than $22 million in 2012. Land purchases now include Costa Mesa, LaVerne and Stanton.

via Los Angeles http://www.globest.com/news/12_553/losangeles/multifamily/Melia-Homes-Anticipates-Growth-as-Housing-Rebounds-330746.html

Office Leasing Picking Up

LOS ANGELES-The L.A. office market continues to rebound as Cassidy Turley closes 81,000 square feet of leases.

via Los Angeles http://www.globest.com/news/12_553/losangeles/office/Office-Leasing-Picking-Up-330733.html

Mobis Parts America Leases 500,000 SF

Mobis Parts America LLC leased 506,436 square feet at 1900 S. Rochester Ave. in Ontario, CA. The 506,436-square-foot distribution building sits on 21 acres right next to the I-15 freeway between Jurupa St. and Mission Blvd. It features 56 loading docks with levelators, 30-foot clear heights, 800-amp heavy power, skylights and a fenced lot. Phil Lombardo, Chuck Belden, Kyle Kehner, and Ty Newland with Cushman & Wakefield represented the landlord...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Mobis-Parts-America-Leases-500000-SF/146208?ref=/News/Article/Mobis-Parts-America-Leases-500000-SF/146208&src=rss

Mobis Parts America Leases 500,000 SF

Mobis Parts America LLC leased 506,436 square feet at 1900 S. Rochester Ave. in Ontario, CA. The 506,436-square-foot distribution building sits on 21 acres right next to the I-15 freeway between Jurupa St. and Mission Blvd. It features 56 loading docks with levelators, 30-foot clear heights, 800-amp heavy power, skylights and a fenced lot. Phil Lombardo, Chuck Belden, Kyle Kehner, and Ty Newland with Cushman & Wakefield represented the landlord...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Mobis-Parts-America-Leases-500000-SF/146208?ref=/News/Article/Mobis-Parts-America-Leases-500000-SF/146208&src=rss

CoStar's People of Note (Feb. 24-March 2)

This week's People of Note includes the following markets: Dallas, Long Island, Los Angeles, National, New York City, San Antonio and Washington, DC. LOS ANGELES Seven-Member Office Team Joins Avison Young in Downtown L.A. By Randyl Drummer Avison Young's newly opened office in downtown Los Angeles has received a major infusion of talent, bringing aboard a seven-member office brokerage team. Ted Simpson, Jacob Bobek and Scott Ste



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-Feb-24-March-2/146179?ref=/News/Article/CoStars-People-of-Note-Feb-24-March-2/146179&src=rss

Largest CMBS Loans Backing Closed OfficeMax, Office Depot Locations

Information for these lead listings was provided by CoStar Group, Nomura Securities and Trepp LLC, an industry leader in providing surveillance data on loan and commercial real estate performance underlying the CMBS market. Tell Your Friends Tweet Sheet1

Delta Mattress Takes 23,000 SF

Delta Mattress leased 22,912 square feet at 705 4th St. in Eureka, CA. The company signed a five-year deal and will occupy the building in June. Located at the corner of 4th Street (Hwy.101-South) and H Streets, the building has two stories with 12,915 square feet of retail space on the first floor and 10,000 square feet for office and storage on the second floor. Scott Pesch of Coldwell Banker Commercial Pacific Partners represented the landlord...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Delta-Mattress-Takes-23000-SF/145188?ref=/News/Article/Delta-Mattress-Takes-23000-SF/145188&src=rss

The CoStar Watch List Newsletter for Feb. 28 - March 6

This Week’s Top Stories While Most CRE Benefits from Recovery, One Set of Distressed Office Loans Remains 20,000 Leagues Under the Sea Investors had hoped that vintage 2007 loans would resurface post-recession to benefit from higher property values just as repayment dates approached, allowing the borrowers to obtain loan extensions and refinances, a strategy among lenders that came to be known as ‘extend and pretend.’ Right now it seems all pretend...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-Feb-28-March-6/146169?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-Feb-28-March-6/146169&src=rss

Schlotzsky's Signs Franchise Agreement for 170 New Deli Locations

Schlotzsky's Deli signed the brand's largest franchise agreement in more than 40 years. The deals calls for 170 Schlotzsky's locations to open throughout California, including Los Angeles, Riverside, Ventura and San Bernardino counties. As part of a co-branding deal with Cinnabon and Carvel, the new locations will include counters offering treats from the two dessert brands. Tell Your Friends Tweet The franchise agreement follows a concerted...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Schlotzskys-Signs-Franchise-Agreement-for-170-New-Deli-Locations/146149?ref=/News/Article/Schlotzskys-Signs-Franchise-Agreement-for-170-New-Deli-Locations/146149&src=rss

Market Trend: Inland Empire's Industrial Deliveries and Construction

During the fourth quarter 2012, five buildings totaling 2,182,666 square feet were completed in the Inland Empire Industrial market area. This compares to 10 buildings totaling 3,091,179 square feet that were completed in the third quarter 2012. There were 6,976,833 square feet of Industrial space under construction at the end of the fourth quarter 2012. Some of the notable 2012 deliveries include: Southgate #3, a 951,660-square-foot facility...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-and-Construction/146012?ref=/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-and-Construction/146012&src=rss

Mobis Parts America Leases 500,000 SF

Mobis Parts America LLC leased 506,436 square feet at 1900 S. Rochester Ave. in Ontario, CA. The 506,436-square-foot distribution building sits on 21 acres right next to the I-15 freeway between Jurupa St. and Mission Blvd. It features 56 loading docks with levelators, 30-foot clear heights, 800-amp heavy power, skylights and a fenced lot. Phil Lombardo, Chuck Belden, Kyle Kehner, and Ty Newland with Cushman & Wakefield represented the landlord...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Mobis-Parts-America-Leases-500000-SF/146208?ref=/News/Article/Mobis-Parts-America-Leases-500000-SF/146208&src=rss

Webcor Builders Awarded $48.7 Million Light Rail Contract

MONROVIA, CA—Design-build contract will complete the foothill extension of the Gold Line project.

via Los Angeles http://www.globest.com/news/12_552/losangeles/development/Webcor-Builders-Awarded-487-Million-Light-Rail-Contract-330694.html

Medical Real Estate Firm Eyes Telemedicine as Opportunity

PARADISE VALLEY, AZ-Imaging Advantage, located in the Paradise Valley Medical Plaza, is part of the growing field of telemedicine; a field that could impact medical real estate.

via Los Angeles http://www.globest.com/news/12_552/national/medical_office/Medical-Real-Estate-Firm-Eyes-Telemedicine-as-Opportunity-330652.html

Largest MOB Sale in County Closes

VENTURA, CA-Kaiser Permanente purchases the two class-A buildings in Oxnard and Ventura for $15.2 million from Wilmington Trust.

via Los Angeles http://www.globest.com/news/12_552/losangeles/medical_office/Largest-MOB-Sale-in-County-Closes-330631.html

Mixed-Use is the Buzzword

LOS ANGELES-Mixed-Use is the Buzzword (In an UPDATE to this morning’s story, Stream Realty’s Gabe Kadosh tells GlobeSt.com that retailers are embracing mixed-use assets throughout L.A. as they move away from traditional models.)

via Los Angeles http://www.globest.com/news/12_551/losangeles/retail/Mixed-Use-is-the-Buzzword-330628.html

Healthcare Manager Takes 23,761 sq. ft. in KBS Complex near Sacramento

FOLSOM, CA—KBS Strategic Opportunity REIT signs more than 120,000 square feet in leases since acquiring Iron Point Business Park in Folsom in 2011.

via Los Angeles http://www.globest.com/news/12_551/losangeles/office/Healthcare-Manager-Takes-23761-sq-ft-in-KBS-Complex-near-Sacramento-330592.html

Kadosh Leads Retail for Stream

LOS ANGELES-The firm hires Gabe Kadosh as VP of retail in its recently opened L.A. office as part of its Southern California expansion plans.

via Los Angeles http://www.globest.com/news/12_551/losangeles/retail/Kadosh-Leads-Retail-for-Stream-330581.html

CoStar's People of Note (Feb. 24-March 2)

This week's People of Note includes the following markets: Dallas, Long Island, Los Angeles, National, New York City and Washington, DC. LOS ANGELES Seven-Member Office Team Joins Avison Young in Downtown L.A. By Randyl Drummer Avison Young's newly opened office in downtown Los Angeles has received a major infusion of talent, bringing aboard a seven-member office brokerage team. Ted Simpson, Jacob Bobek and Scott Steuber (picture



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/CoStars-People-of-Note-Feb-24-March-2/146179?ref=/News/Article/CoStars-People-of-Note-Feb-24-March-2/146179&src=rss

Largest CMBS Loans Backing Closed OfficeMax, Office Depot Locations

Information for these lead listings was provided by CoStar Group, Nomura Securities and Trepp LLC, an industry leader in providing surveillance data on loan and commercial real estate performance underlying the CMBS market. Tell Your Friends Tweet Sheet1

Delta Mattress Takes 23,000 SF

Delta Mattress leased 22,912 square feet at 705 4th St. in Eureka, CA. The company signed a five-year deal and will occupy the building in June. Located at the corner of 4th Street (Hwy.101-South) and H Streets, the building has two stories with 12,915 square feet of retail space on the first floor and 10,000 square feet for office and storage on the second floor. Scott Pesch of Coldwell Banker Commercial Pacific Partners represented the landlord...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Delta-Mattress-Takes-23000-SF/145188?ref=/News/Article/Delta-Mattress-Takes-23000-SF/145188&src=rss

The CoStar Watch List Newsletter for Feb. 28 - March 6

This Week’s Top Stories While Most CRE Benefits from Recovery, One Set of Distressed Office Loans Remains 20,000 Leagues Under the Sea Investors had hoped that vintage 2007 loans would resurface post-recession to benefit from higher property values just as repayment dates approached, allowing the borrowers to obtain loan extensions and refinances, a strategy among lenders that came to be known as ‘extend and pretend.’ Right now it seems all pretend...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/The-CoStar-Watch-List-Newsletter-for-Feb-28-March-6/146169?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-Feb-28-March-6/146169&src=rss

Schlotzsky's Signs Franchise Agreement for 170 New Deli Locations

Schlotzsky's Deli signed the brand's largest franchise agreement in more than 40 years. The deals calls for 170 Schlotzsky's locations to open throughout California, including Los Angeles, Riverside, Ventura and San Bernardino counties. As part of a co-branding deal with Cinnabon and Carvel, the new locations will include counters offering treats from the two dessert brands. Tell Your Friends Tweet The franchise agreement follows a concerted...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Schlotzskys-Signs-Franchise-Agreement-for-170-New-Deli-Locations/146149?ref=/News/Article/Schlotzskys-Signs-Franchise-Agreement-for-170-New-Deli-Locations/146149&src=rss

Market Trend: Inland Empire's Industrial Deliveries and Construction

During the fourth quarter 2012, five buildings totaling 2,182,666 square feet were completed in the Inland Empire Industrial market area. This compares to 10 buildings totaling 3,091,179 square feet that were completed in the third quarter 2012. There were 6,976,833 square feet of Industrial space under construction at the end of the fourth quarter 2012. Some of the notable 2012 deliveries include: Southgate #3, a 951,660-square-foot facility...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-and-Construction/146012?ref=/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-and-Construction/146012&src=rss

CoStar's People of Note (Feb. 17-23)

This week's People of Note includes the following markets: Atlanta, Boston, Cleveland, Detroit, Los Angeles, San Diego and National. NATIONAL CBRE Appoints Lafitte Chief Operating Officer By Laurie Forbes CBRE named Michael J. Lafitte chief operating officer of the firm, effective February 14, 2013. He will oversee the company’s geographically organized service businesses (Americas, EMEA and APAC), its globally organized servic



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/CoStars-People-of-Note-Feb-17-23/145950?ref=/News/Article/CoStars-People-of-Note-Feb-17-23/145950&src=rss

Webinar: Top Mobile Apps for Commercial Real Estate

Interested in learning the most effective ways to expand your capabilities and integrate your tablet into a business role? Today's powerful tablets have become standard for many industries and they have the mobility, convenience, and computing muscle to make a commercial real estate professional work smarter. In this fast-paced webinar, our resident expert Kevin Mason will review the top apps for commercial real estate and provide key tips for...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Webinar-Top-Mobile-Apps-for-Commercial-Real-Estate/145886?ref=/News/Article/Webinar-Top-Mobile-Apps-for-Commercial-Real-Estate/145886&src=rss

Condos Turned Apts. Fetches $15M

VALLEY VILLAGE, CA-The asset at 11925 Kling St., southwest of North Hollywood here, changes course after initially being planned as a condominium community.

via Los Angeles http://www.globest.com/news/12_550/losangeles/multifamily/Condos-Turned-Apts-Fetches-15M-330578.html

$55M College Center Construction Begins

MONTEREY PARK, CA-HGA Architects and Engineers breaks ground on the Student Success and Retention Center at East Los Angeles College here.

via Los Angeles http://www.globest.com/news/12_550/losangeles/student_housing/55M-College-Center-Construction-Begins-330533.html